The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare ...

The International Monetary Fund (IMF) has warned that President Donald Trump’s “One Big, Beautiful Bill” (OBBA) may result in ...

WASHINGTON -- The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in ...

The tactic -- called a pocket rescission -- has been criticized by a handful of Republican senators as it would essentially ...

The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest earners the most, according to an analysis released by Congress’s budget ...

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

The CBO will release its analysis of the GOP Senate health care bill Monday. — -- The Congressional Budget Office will release its first analysis of the Republican Senate health care bill ...

The Congressional Budget Office projects an explosive rise in federal debt, despite slight improvements in the past year, as the country faces a fiscal reckoning in the coming decades.

Congressional Budget Office projects lower inflation and higher unemployment into 2025 The office's Current View of the Economy from 2023 to 2025 report, released Friday, estimates that the ...

When a member of Congress proposes a bill, there's a nonpartisan agency that tells lawmakers how much their bill would cost: The Congressional Budget Office. But estimating these costs can get messy.

Professor Phillip Joyce, author of the book The Congressional Budget Office: Honest Numbers, Power, and Policymaking. Thank you for teaching us about CBO and its work.